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On April 1, 2023, Teleworks Company lent $112,000 to IT Industries. IT Industries pays back in full the note plus 10% interest on April 1

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On April 1, 2023, Teleworks Company lent $112,000 to IT Industries. IT Industries pays back in full the note plus 10% interest on April 1 , 2024. Determine the financing cash flows to be reported by IT Industries in 2024. (Cash outflows should be indicated with a minus sign.) Answer is complete but not entirely correct

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